Adani Household invested ₹6,661 crore in Ambuja Cement: This elevated their stake within the firm by 3.6% to 66.7%, shares rose by greater than 2%

Billionaire Gautam Adani’s household has invested Rs 6,661 crore in Ambuja Cement, growing their stake within the cement making firm by 3.6% to 66.7%. Ambuja Cement has given details about this in its change submitting.

Earlier in October 2022, Adani Household had invested Rs 5,000 crore in Ambuja Cements via warrants. After the acquisition, the corporate’s promoters have to this point invested Rs 11,661 crore in Ambuja.

The corporate stated that this funding will strengthen its monetary place and we can benefit from rising alternatives together with taking ahead the event plan.

Ambuja Cement shares rose by greater than 2%
Ambuja Cement shares are seeing an increase of greater than 2% at the moment. At 1 pm, the corporate’s shares had been buying and selling at Rs 614 with an increase of two.19%. Ambuja Cement shares have seen an increase of greater than 46% within the final 6 months.